Press Release
October 11, 1999
MIAMI BEACH, FL -- Exclusive Cruises and Resorts, Inc. (OTCBB:XCLU) today announced the approval by the State of
Florida, for the granting of a timeshare license to its wholly owned subsidiary Exclusive Properties, Inc.
Commenting on the issuance of the timeshare license, George Macropulos, President of Exclusive Cruises and Resorts
said, "The acquisition of this mandatory license by Exclusive Properties, Inc. is an important step in being
able to start timeshare sales of our first project -- ExclusiVacations at Miami Beach.''
Exclusive Cruises & Resorts, Inc. through its wholly-owned subsidiary, Exclusive Properties, Inc., purchases
hotels & adds value via renovation and expansion of their capacities. The properties are then partially time-shared
& the cash flows generated are used to pay off loans and acquire new projects. ExclusiVactions at Miami Beach
is expected to have revenues of $10,605,974 and a net profit of $3,412,158 from the timeshare alone based on an
18 month sell-out period.
The North Beach section of Miami Beach is under going extensive revitalization, including the addition of a boardwalk
directly in front of the hotel that will increase visibility and demand for this EXCLUSIVE project. This newest
hotspot in the Miami area caters to Latin American and European tourists as well as those from the United States
and Canada.
Exclusive Cruises and Resorts, Inc. is the parent company of two wholly owned subsidiaries in niche markets with
high growth potential. Exclusive Properties, Inc. acquires and manages boutique cruise ships and resorts that operate
or are located in high demand tourist destinations. ExclusiVacations, Inc. is the group's principal sales and fulfillment
arm. Exclusive Cruises and Resorts' sources of revenue include cabin and room sales from its properties, timeshare
(club membership) sales, affiliation fees,
annual membership dues as well as travel services to its membership base.
Financial statements in this press release other than historical facts are "forward-looking'' statements within
the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and
as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such
statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking
statements be subject to the safe harbors
created thereby. Since these statements (future operational results and sales) involve risks and uncertainties
and are subject to change at any time, the Company's actual results could differ materially from expected results.
Contact:
For Exclusive Cruises & Resorts --
Steven G. Trapp & Company, 888/253-2542